Ford (F) is selling off today after Friday’s pop. Let’s book profits now. We’ll likely trade the automaker again soon.
Current Stock Price: $20.83
Cash in Hand: $0.25
Action: Buy to close the F Dec Monthly (12/17) 19 Put
Current Option Price: $0.04-$0.05
Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today
Profit: $0.20, or $20 per contract
Rate of Return: 1.1% in seven days, or 55% on an annualized basis